Engineering consulting firm Willdan's Q3 contract revenue beats estimates

Willdan

06/11/2025 21:46

Overview

Willdan Q3 contract revenue up 15%, beating analyst expectations

Adjusted EPS for Q3 beats consensus, rising 65.8% year-over-year

Net income for Q3 rises 86.8% year-over-year

Outlook

Willdan raises 2025 net revenue target to $360 mln-$365 mln

Willdan expects 2025 adjusted EBITDA between $77 mln and $78 mln

Willdan forecasts 2025 adjusted diluted EPS of $4.10-$4.20

Result Drivers

ORGANIC GROWTH - Willdan reports 20% organic growth in net revenue, contributing to strong Q3 results

ELECTRICITY DEMAND - Growing electricity demand driven by data centers and electrification supported revenue growth

FINANCIAL MANAGEMENT - Reduction in net debt to $16.0 mln reflects effective financial management

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Contract Revenue
Beat
$182.01 mln
$86.27 mln (3 Analysts)
Q3 Adjusted EPS
Beat
$1.21
$0.83 (3 Analysts)
Q3 Net Income
$13.72 mln
Q3 Adjusted EBITDA
$23.10 mln
Q3 Pretax Profit
$14.29 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the business support services peer group is "buy"

Wall Street's median 12-month price target for Willdan Group Inc is $120.00, about 21.6% above its November 5 closing price of $94.11

The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 29 three months ago

Press Release: ID:nBwb39Sm6a

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)